Announced
Financials
Tags
Acquisition
Domestic
Single Bidder
Private Equity
Friendly
Employee Benefits Software
Private
Pending
United States
Digital Services
Majority
Synopsis
Francisco Partners, a global investment firm, agreed to acquire bswift, a provider of benefits technology and services, from CVS Health, a healthcare company. Financial terms were not disclosed. “We appreciate CVS Health’s work in growing this business and are confident that our partnership will help bswift drive crucial focus in executing on organic and inorganic growth strategies. We look forward to supporting the talented employees and management team,” Anders Mikkelsen, Francisco Partners Vice President.
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